Noront Resources

From your reply, I take it that you expect the economic situation to continue to deteriorate. In other words, you believe that it would be better to do a Private Placement now for, say, 75 cents a share, because your forecast is that if we wait 3 or 4 more months before trying to do a Private Placement, we will likely only be able to do it for less. If that is an accurate forecast, then I'll take your position, that we should go ahead and do a Private Placeement at the earliest opportunity.

However, we are getting into the peak of drilling season right now. With freeze-up we can get more drills and equipment to site more cheaply via ice-roads, and it is also easier to more quickly move drills from site to site. And, if we hit some more rich ore-bodies, would that not boost the stock price, allowing us to do a Private Placement on more favorable terms?